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R93 million Transnet graft case postponed

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The case against several former Transnet bosses has been postponed to the 30th of November.

They include former CEO Brian Molefe and CFO Anoj Singh.

They’re implicated in a dodgy advisory tender.

It led to a locomotive deal for 1,064 locomotives.

The tender was awarded to a McKinsey-led consortium in 2012.

Regiments Capital was irregularly onboarded and benefitted from the irregular appointment.

The accused also face charges linked to more than R90-million paid to Trillian Asset Management in 2015.

Source: eNCA

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Source Link R93 million Transnet graft case postponed

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